A deep learning model for sales forecasting using univariate time series data
Abstract
In today’s fast-moving world, industries like supply chain, farming, and retail require accurate forecasting for sales, demand, yield, and stock levels. Traditional models take months to extract insights from available datasets. This project streamlines the process with a ready-to-use tool that supports both univariate and advanced time series forecasting, providing short-term predictions (one, three, and six months) for specific products. This enables businesses to quickly adjust production, optimize inventory, and refine sales strategies. By delivering precise, real-time insights, the tool helps companies respond swiftly to market shifts, minimize waste, and maximize profitability without the complexity of building forecasting models. The adaptive algorithms in the tool effectively handle sales trends, seasonal variations, sudden demand spikes, and supply chain disruptions. Designed for ease of use, the tool requires minimal technical expertise while delivering enterprise-level accuracy. Businesses can seamlessly integrate forecasting models into their decision-making workflows, ensuring agility in a competitive landscape. With faster and more reliable forecasting, companies gain a strategic advantage in managing uncertainty and optimizing operations.
Fields of Study & Subjects
Forecasting Techniques and Applications
Time Series Analysis and Forecasting
Stock Market Forecasting Methods
Publication details
- Journal / source
- CRC Press eBooks
- Pages
- 366–374
- Publication date
- 17 February 2026
- Language
- EN
- Document type
- Book chapter